Universal Basic Income is Capitalism 2.0 | TimJRobinson

However, this creates less wealth overall as work is no longer given to where it’s done most efficiently. This breaks the primary component of capitalism. The second solution is some sort of socialism, where the government introduces new laws and systems to redirect money to attempt to balance the system manually. This will help, but creates less w... See more

The thing is, consumers in the bottom 78% of US workers live paycheck to paycheck, they already spend everything they have each month.They’re not holding back additional money, waiting for the right product to appear. Which means all this advertising is creating little additional growth and wealth, it’s just taking it from other companies.

To reverse this trend of stagnating growth, we must put more capital in the hands of lower income consumers, who will then spend it on things they desire and increase GDP.

There are multiple ways to increase capital at the bottom of the wealth pyramid.(...)The first solution is some form of nationalism, where countries enact tariffs and attempt to bring all production back to the country instead of producing it overseas.(...)

As the market got bigger, the rewards for winning were greater. The best widget producers of the 19th century made significantly more wealth than the best in the 18th century, even if they took over less of the market. This is why wealth inequality soared when capitalism went global in the 20th century. Potential markets grew to astronomical size, ... See more